TITLE

Mayor's Problems Worsen as Moody's Downgrades Macon, Ga., to A1

AUTHOR(S)
DeSue, Tedra
PUB. DATE
July 2004
SOURCE
Bond Buyer;7/29/2004, Vol. 349 Issue 31936, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Moody's Investors Service downgraded Macon, Georgia because the city had to tap its reserves, which severely weakened its cash position. Financial concerns stemming from the city losing revenues after a sales tax agreement had to be altered.
ACCESSION #
13954049

 

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